Here are the Sentiment indications given by the Daily Forex Indicator "Sentiment Speculative Index" for the week 22-26 June 2015.

 

The SSI is a contrarian indicator, which elaborates Forex trend forecasts in the opposite direction as to the Retail Traders net positions.

 

forex sentiment june 2015

 

The table shows the sentiment given by the SSI indicator on the major Forex pairs.

 

We have selected the most significant signals given by the indicator.

 

 

EUR/USD: bullish trading bias

 
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EUR/USD - 29% of traders are long. Long positions are 9.2% below levels seen last week. Short positions are 9.2% higher than yesterday and 17.4% above levels seen last week. The fact that the majority of traders are short gives signal that the EURUSD may continue higher. The trading crowd has grown further net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

 

 

GBP/JPY: bullish trading bias

 
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GBP/JPY - 35% of traders are long. Long positions are 3.0% above levels seen last week. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the GBPJPY may continue higher. The trading crowd has grown less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

 

 

USD/JPY: bearish trading bias

 
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USD/JPY - 61% of traders are long. Long positions are 16.6% above levels seen last week. Short positions are 10.4% below levels seen last week. The fact that the majority of traders are long gives signal that the USD/JPY may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

 

 

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